INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 355 - Research and Development  

Subdivision 355-G - Clawback of R & D recoupments  

SECTION 355-435   355-435   When extra income tax is payable  


An entity must pay extra income tax on a *recoupment if the conditions in sections 355-440 and 355-445 are met for the recoupment.
Note 1:

Section 355-450 sets out how much of the recoupment is subject to extra income tax.

Note 2:

A recoupment includes a grant (see subsection 20-25(1) ).


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